Chilquinta Energía has four subsidiaries with noncontrolling interests held by others. Percentage range reflects the highest and lowest ownership percentages amongst these subsidiaries.
Million British thermal units
Megawatt hours
Amounts include Otay Mesa VIE. All of SDG&E’s interest rate derivative activity relates to Otay Mesa VIE.
There was a negligible amount of ineffectiveness related to these hedges in 2015 and 2014.
Excludes cash balances and cash equivalents.
Includes the effect of the contractual ability to settle contracts under master netting agreements and with cash collateral, as well as cash collateral not offset.
Before reductions for unamortized discount (net of premium) of $21 million at both June 30, 2015 and December 31, 2014, and excluding build-to-suit and capital leases of $351 million and $310 million at June 30, 2015 and December 31, 2014, respectively. We discuss our long-term debt in Note 6 above and in Note 5 of the Notes to Consolidated Financial Statements in the Annual Report.
Before reductions for unamortized discount of $7 million and $8 million at June 30, 2015 and December 31, 2014, respectively, and excluding capital leases of $2 million and $1 million at June 30, 2015 and December 31, 2014, respectively.
Maturity dates are 2016-2060.
Maturity dates are 2015-2115.
Included in Current Assets: Other for SoCalGas.
Included in Current Liabilities: Other for SoCalGas.
There was no hedge ineffectiveness on these swaps in the three months or six months ended June 30, 2015, respectively, and $7 million and $9 million in the three months and six months ended June 30, 2014, respectively. All other changes in the fair value of the interest rate swap agreements are exactly offset by changes in the fair value of the underlying long-term debt and are recorded in Other Income, Net.
Represents investment (losses) gains on dedicated assets in support of our executive retirement and deferred compensation plans. These amounts are partially offset by corresponding changes in compensation expense related to the plans.
Interest on regulatory balancing accounts.
U.S. dollar-denominated loan, at a fixed interest rate with no stated maturity date, to provide project financing for the construction of transmission lines at Eletrans S.A., an affiliate of Chilquinta Energía.
U.S. dollar-denominated loan, at a variable interest rate based on a 30-day LIBOR plus 450 basis points (4.68 percent at June 30, 2015), to finance the Los Ramones Norte pipeline project.
U.S. dollar-denominated loan, at a variable interest rate based on a 30-day LIBOR plus 637.5 basis points (6.56 percent at June 30, 2015), to finance the first phase of the Energía Sierra Juárez wind project.
Amounts represent accounts receivable from various Sempra Renewables and Sempra Mexico joint venture investments.
Amounts are included in the computation of net periodic benefit cost (see "Pension and Other Postretirement Benefits" above).
Normal purchase contracts previously measured at fair value are excluded.
Level 3 instruments include $320 million and $325 million at June 30, 2015 and December 31, 2014, respectively, related to Otay Mesa VIE.
Before reductions for unamortized discount of $10 million and $11 million at June 30, 2015 and December 31, 2014, respectively, and excluding capital leases of $231 million and $234 million at June 30, 2015 and December 31, 2014, respectively.
SDG&E and SoCalGas are included in the consolidated income tax return of Sempra Energy and are allocated income tax expense from Sempra Energy in an amount equal to that which would result from each company having always filed a separate return.
Includes Otay Mesa VIE. All of SDG&E’s amounts relate to Otay Mesa VIE.
All amounts are net of income tax, if subject to tax, and exclude noncontrolling interests.
Amounts include principal balances plus accumulated interest outstanding.
Excludes securities that are held to maturity.
Derived from audited financial statements.
Revenues for reportable segments include intersegment revenues of $3 million, $17 million, $24 million and $46 million for the three months ended June 30, 2015; $5 million, $36 million, $49 million and $89 million for the six months ended June 30, 2015; $2 million, $16 million, $23 million and $80 million for the three months ended June 30, 2014; and $5 million, $34 million, $45 million and $159 million for the six months ended June 30, 2014 for SDG&E, SoCalGas, Sempra Mexico and Sempra Natural Gas, respectively.
After preferred dividends.
In May 2015, approximately $41 million was paid with proceeds from project financing at the joint venture.
Net receivable includes a loan to Sempra Energy of $279 million at June 30, 2015 at an interest rate of 0.08 percent.
This amount will be recorded over the life of the lease as Cost of Electric Fuel and Purchased Power on Sempra Energy’s and SDG&E’s Condensed Consolidated Statements of Operations. This expense will receive ratemaking treatment consistent with purchased-power costs, which are recovered in rates.
Amount necessary to reduce net minimum lease payments to estimated present value at the inception of the lease.
Income at Luz del Sur associated with the relocation of electrical infrastructure.
Includes fully vested restricted stock units of 501 and 476 held in our Deferred Compensation Plan for the three months and six months ended June 30, 2015, respectively, and 221 and 202 for the three months and six months ended June 30, 2014, respectively. These fully vested restricted stock units are included in weighted-average common shares outstanding for basic EPS because there are no conditions under which the corresponding shares will not be issued.